Prosper in talks to sell $5bn worth of loans
Peer-to-peer lending firm Prosper is in talks with a group of investment firms to sell $5bn worth of loans over the next five years.
FinTech B2B lending marketplace Bigstone raises $3m
Small business lending marketplace Bigstone has raised funds to offer an alternative to the big banks. Read more: www.afr.com
Lendio see 86% growth in loans, passes $250m milestone
Online loans marketplace Lendio is reporting strong growth for Q2 2016, with the value of loans facilitated through the platform increasing by 86% year on year.
OCBC guides FinTech companies in WM and loan services
OCBC will help pilot three FinTech solutions in the coming months for its wealth management and home loans services. Read more: www.straitstimes.com
New FinTech innovator disrupts real estate industry
A FinTech startup, announced their proprietary SaaS cloud-based service had been successfully engaged to facilitate several hundred million dollars in commercial loan transactions. Read more: www.pressreleaserocket.net
FinTech lending platforms set for massive rise in revenue
FinTech platform revenues for unsecured consumer loans issued using machine learning technology are set to jump by a whopping 960% globally over the next six year. Read more: www.itwire.com
EquiLend buys Automated Equity Finance Markets
Securities lending platform EquiLend has bought Automated Equity Finance Markets (AQS) and its securities lending technology systems.
FinTech startup Moula embarks on major growth plans
Renowned tech entrepreneur Chris Ridd has joined the board of Melbourne-based lending platform Moula to help it transition from a startup into a major company. Read more: www.smartcompany.com.au
Online lending startups gain more favor from investors
FinTech startups such as Prosper, Branch and LoanNow are rapidly advancing in the personal loan spac as young adults are opting for online services over traditional services like credit cards. Read more: www.bizjournals.com
FinTech startup scores first bank partnership with DBS
Fintech startup led by two students score first bank partnership with DBS. Read more: sbr.com.sg